Tata Chemicals is going to acquire a facility of Gujarat based Unnati Inorganics for Rs 34.20 crore on a slump sale basis.

It has said in a BSE filing that the acquisition is a part of the Rs 295 crore investment approved by the Tata Chemicals’ Board earlier in February 2017.

The company has said that “Tata Chemical has on May 9, 2017 signed a Business Transfer Agreement with Unnati Inorganics to acquire their undertaking of precipitated silica operation, on a slump sale basis, for a consideration of Rs 34.20 crore.”

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